This bold revitalization project at 50-09 Second Street in Long Island City, Queens is the site of the $200 million PowerHouse Condominium project, which, when all three phases are finished, will have 447 units on the site, including 180,000 square feet of galleries, restaurants, and offices. The original 1909 structure was designed by McKim, Mead, & White to provide electricity for regional trains. The first phase of the project is 177 units, from 500-square-foot studios at $500,000 to 1,500-square-foot three-bedrooms at $2 million. Since October 2007, 30 percent have sold.

Marketing the project should not be difficult; it will attract many creative-minded professionals, and is a marvelous and unique revitalization project in an otherwise forgotten Queens industrial district.